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916 W State Street
Trenton, NJ 08618
3466 sq/ft
$424,999
MLS# NJME2011344 | ID: 74373151

Property Description

Victorian, Detached - TRENTON, NJ Fully Occupied 4 unit Apartment Building for sale. 2021: Total current rent per month: $4353 (APT1: 1075, APT2: 975, APT3; 1328, APT 4: 975) (Yearly: $52,236) See below for Profit and Loss. Apt 4 has an extra room that could be use as a baby room or office. The entire building was renovated between 2011 and 2012. Only showing pictures of Apartment 3 and 4. Apartment 1 is very spacious with original beautiful hard wood and open design kitchen. Apartment 2 also has a very nice kitchen and floor plan. Tenants pay Electric, Gas heat, Gas Hot Water, and Owner pays water/sewer, common electric, and lawn care. Due to tenants' privacy, showings will only occur for approved buyers with proof of pre-approval that can be confirmed or cash in full available for the purchase price. Showings will be grouped to a few people at a time on a select afternoon to be determined. Tenants pay Electric, Gas heat, Gas Hot Water, and Owner pays water/sewer, common electric, and lawn care. Rent Amounts: Apt 1: Subsidized: Lease Amount: $1075 Apt 2: Subsidized Master Lease Amount: $975 Apt 3: Subsidized Lease Amount: $1,328 Rent Apt 4: Subsidized Lease Amount: $975 Rent 2021: Total rent collected for the year = $51,649 2021: Profit and loss: $51,649 - $20,392.96 = $31,256.04 2019: GROSS RENT COLLECTED: $48,635.50 EXPENSES: $13,706.22 NET INCOME: $34,929.28 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 3 APT 4: $7,703.50 2020: GROSS RENT COLLECTED: $49,790.40 EXPENSES: $10,987.06 NET INCOME: $38,803.34 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 1 AND 10 YEAR SMOKE UPGRADE: $3,063.28 All references to the profit or loss and income are taken directly from QuickBooks. The landlord uses a CPA and bookkeeper that is an employee of CPA. These numbers can be verified during due diligence. All number should be verified by the buyer before closing.

Property Features

Property Type Multi Family
Year Built 1920
Approx. Lot Size .2 Acres
Sq. Feet 3466

Realty Mark, LLC

9000 Lincoln Drive
Marlton, NJ 08053
Phone: (856) 209-0900
For more details and photos, visit:
http://hnl.to/m/74373151